Sensex inches higher; Realty, IT lead Analysis for Jul 04, 2013

Posted By: Religare
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The 30-shrae benchmark index of the Bombay Stock Exchange continued to trade higher above 200 points during the afternoon session amid positive cues from most of the Asian stocks Indices as well as firm opening of the European market. The sentiments of the investors boosted on better than expected US jobs data. The rise in the rupee against dollar further uplifted the sentiments of the investors.

At 1:18PM, BSE SENSEX was at 19391.53 up, by 213.77 points or by 1.11 per cent, while the NSE Nifty was at 5838.75 up, by 67.85 points or by 1.18 per cent.

Major buying interest on bourses was observed in Tata Power, ITC, Bharati Airtel, TCS, LNT and Infosys among others, while individual stocks that felt the some heat of fall were Tata Steel, ICICI bank, ONGC, Sterlite Ind, BHEL and Bajaj Auto.

The BSE Sensex touched an intraday high of 19412.03, and an intraday low of 19245.01, while the NSE Nifty touched an intraday high of 5843.95 and an intraday low of 5787.7.The BSE MIDCAP was at 5998.04 up by 50.29 points or by 0.85 per cent, while the BSE SMLCAP was at 5690.05 up, by 24.65 points or by 0.44 per cent.

The top gainers of the BSE Sensex pack were Tata Power Company Ltd. (Rs. 85.20,+3.27%), ITC Ltd. (Rs. 336.10,+3.00%), Bharti Airtel Ltd. (Rs. 301.95,+2.62%), Tata Consultancy Services Ltd. (Rs. 1520.70,+2.36%), Larsen & Toubro Ltd. (Rs. 1422.10,+2.11%), among others.

On the sectoral front, Realty and IT index were the major gainers and advanced 3.24 per cent and 2.43 per cent respectively.

The Market breadth, indicating the overall health of the market, was positive. On BSE out of total 2193 shares traded, 1215 shares advanced, 852 shares declined while 126 remained unchanged.

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Story first published: Thursday, July 4, 2013, 13:48 [IST]
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